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41 – 50 of over 8000Rhys Stevens and Maureen Beristain
The rapid expansion of the Canadian gambling industry since 1969 has generated substantial profits for provincial governments and industry operators. As gambling expands its reach…
Abstract
The rapid expansion of the Canadian gambling industry since 1969 has generated substantial profits for provincial governments and industry operators. As gambling expands its reach and regulatory structures evolve, a growing body of researchers is starting to scrutinize the industry and its socio‐economic impacts on Canadians. This article provides background information on Canada's gambling industry and presents an overview of essential information resources.
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The prevalence of problematic gambling among adolescents and college‐age youth is estimated to be two to four times that of older consumers. Prior studies suggest this may be due…
Abstract
Purpose
The prevalence of problematic gambling among adolescents and college‐age youth is estimated to be two to four times that of older consumers. Prior studies suggest this may be due to an age‐related difference in risk perception. This paper aims to focus on the perception of financial risk in playing casino blackjack among college‐age youth.
Design/methodology/approach
A convenience sample of subjects age 24 or less and reporting at least some experience in playing and wagering on casino blackjack completed paper and pencil questionnaires. Data were fit to a path model using LISREL. The study focuses on the perception of financial risk within this at‐risk population, suggesting that perceived financial risk is influenced by four factors: estimated risk to an average “other” gambler, the subject's level of experience in playing casino blackjack, the subject's self‐reported level of skill at blackjack play, and the estimated “fun” in playing the game.
Findings
Three significant total effects on perceived financial risk were found: estimated risk to an average other player (raising risk), estimated fun in playing the game (lowering risk), and self‐reported skill in playing the game (lowering risk). The effect of experience on risk perception was complex, separated into direct and indirect effects with opposing influences. The model explained 41 percent of variance in perceived risk. Subjects reported their own level of risk to be significantly lower than that for an average other blackjack player – an example of the phenomenon of optimistic bias.
Research limitations/implications
Data were not collected within a field (casino) setting and the influence of the setting on perceived financial risk was not accounted for.
Practical implications
The strongest influence on perceived personal risk was estimated risk to an average other gambler (raising risk). Communications attempting to deter youthful gambling might wish to portray an average young player and possible negative outcomes.
Originality/value
There does not appear to be an existing path model of risk in casino blackjack that includes the factors proposed in this study.
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Gbemi Oladipo Olaore, Bimbo Onaolapo Adejare and Ekpenyong Ekpenyong Udofia
Betting games have become a global industry worth billions of dollars providing employment to millions and contributing to the gross domestic product (GDP) of several countries…
Abstract
Purpose
Betting games have become a global industry worth billions of dollars providing employment to millions and contributing to the gross domestic product (GDP) of several countries. While there are debates and controversies surrounding betting games discourse, a growing body of literature shows that it has been exacerbated by growing unemployment rates. This paper aims to examine the nexus between the increasing involvement of youth in betting games and unemployment from the Nigerian perspective.
Design/methodology/approach
The study adopts simple random and stratified sampling techniques to select participants for the study. Three hypotheses were tested for this study and confirmatory factor analysis (CFA) and structural equation model (SEM) was used to test the hypotheses.
Findings
The three hypotheses tested in this study were coined from previous literature. The study established a direct link between technology advancement, promises of winning big coupled with bonuses while unemployment was not significant to youth involvement in betting games. The study also showed that playing betting games provides another source of income to the youth, who are already engaged in one form of work or another. Finally, youth involvement in betting games has created awareness regarding different sports in the world, while contributing to Nigeria’s economy.
Practical implications
As betting games centre as a business in Nigeria has contributed substantially and positively to unemployment in Nigeria; the Government of Nigeria are encouraged to streamline and regulate the activities of the sector such that they can contribute significantly to the country GDP and provide employment opportunities to the youths.
Originality/value
The research shows that the reason why betting games have a massive turnaround of youths in Nigeria is not majorly because of unemployment but as another means to a substantial financial individual/family income. Thus, Nigerian youths see betting games as an avenue to make more money. The study is the first of its kind to examine the nexus between betting games, technology and unemployment hence, its contribution to knowledge.
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For many people the concept of addiction involves taking drugs. Therefore it is perhaps unsurprising that most official definitions concentrate on drug ingestion. Despite such…
Abstract
For many people the concept of addiction involves taking drugs. Therefore it is perhaps unsurprising that most official definitions concentrate on drug ingestion. Despite such definitions, there is now a growing movement which views a number of behaviours as potentially addictive, including many behaviours which do not involve the ingestion of a drug. But do behavioural addictions really exist? Answers this question by examining the various commonalities (psychological, sociological and cultural) between excessive behaviours (behavioural and chemical) and by drawing on the author’s own work into fruit‐machine addiction. Concludes that addictions are not just restricted to drug‐ingestion behaviours and that evidence is growing that excessive behaviours of all types do seem to have many commonalities.
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Examines the nature of compulsive gamblers from the point of viewof counselling. Considers the stages in becoming a gambler, whengambling becomes a problem, how gamblers become…
Abstract
Examines the nature of compulsive gamblers from the point of view of counselling. Considers the stages in becoming a gambler, when gambling becomes a problem, how gamblers become addicted, and what can be done to help gamblers and their families, including counselling. Surmises that the challenge for counselling is to instil a positive attitude, by balancing tough recommendations with genuine support.
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The study attempts to assess the relationship between sociodemographic factors and the risk tolerance level of stock market investors reflected by their trading behavior from the…
Abstract
Purpose
The study attempts to assess the relationship between sociodemographic factors and the risk tolerance level of stock market investors reflected by their trading behavior from the perspective of developing market economy.
Design/methodology/approach
The study collected data from a survey on capital market investors in Bangladesh. Portfolio beta has been used as a dependent variable to measure the risk tolerance level where total 11 sociodemographic factors have been used as independent variables.
Findings
Among all study variables, three sociodemographic factors are found to be significant in differentiating the risk tolerance level of the stock market investors. The author finds that the risk tolerance level of stock market investors significantly varies according to marital status, family size and financial responsibility.
Practical implications
As sociodemographic characteristics provide a basis in assessing the investor risk tolerance level in the context of developing market economies, the study suggests that stock market related policy and investment management planning process should be formulated by incorporating behavioral aspects of the retail investors.
Originality/value
This study has the potential to contribute to the behavioral finance literature by showing how and at what extent sociodemographic factors may influence the risk tolerance level of stock market investors in developing countries, where sociodemographic factors are considered to be more dominating than the normative portfolio selection procedure because of lacking in investors' financial literacy and due to the presence of a weak regulatory as well as institutional framework. Further, apart from identifying and comprehensively incorporating all possible sociodemographic factors, this study uses portfolio beta as a new objective measure for financial risk tolerance, which overcomes the problem of subjective and other risk tolerance measurement in the existing literature.
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The purpose of this paper is to examine the level of ethics and codes of responsible behaviour in Macao’s casino tourism industry given its global leadership position in gaming…
Abstract
Purpose
The purpose of this paper is to examine the level of ethics and codes of responsible behaviour in Macao’s casino tourism industry given its global leadership position in gaming, with suggestions on a way forward toward ethical tourism integration.
Design/methodology/approach
The research examined the corporate mission statements of Macao’s casino concessionaires with regards to social message content as well as social outcomes to date within Macao’s various tourism stakeholders. Relevant literature on cross-sector social partnership was examined as a possible consideration for Macao’s tourism industry.
Findings
Despite generating the world’s largest gaming revenues and tourism revenue contribution to gross domestic product, there are limited codes of ethics and an agreed level of acceptable behaviour and responsibility throughout Macao’s tourism and hospitality industry. This is further amplified by Macao’s small landmass, limited workforce pool, increasing tourism arrivals and a vast dependency on imports, creating a constant battle for resources and added pressure on its community and natural environment.
Social implications
There are possible conflicts between Western casino compliance issues within those of Chinese business cultural practices. It is suggested that greater appreciation of this cultural and community setting is required to realistically adopt ethical codes.
Originality/value
There has been limited discussion within Macao’s tourism industry on establishing a definition and scope for a code of ethics. Given the numbers participating and financial liquidity in Macao’s tourism system, the paper highlights the need for codes of ethics adoption, suggesting a cross-sector social partnership mechanism.
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Liangjun Zhou and James J. Zhang
The purpose of this paper is to examine the market demand of sport lottery in China from the following perspectives: available types and varieties of sport lottery, number of…
Abstract
Purpose
The purpose of this paper is to examine the market demand of sport lottery in China from the following perspectives: available types and varieties of sport lottery, number of retail outlets, public welfare funds, promotion costs, per capita income, and population.
Design/methodology/approach
As the earliest province of issuing the sales of sport lottery and having one of the largest sales volumes in China, Guangdong Province was chosen for conducting the current study. Data were obtained from 14 sport lottery administration and distribution centers and statistics bureaus of 14 corresponding municipal cities. Multiple regression analysis was used.
Findings
Multiple regression analyses revealed that number of retail outlets, promotion cost, per capita income, and public welfare funds were positively (p<0.05) predictive of sport lottery sales; however, available types and varieties of sport lottery were not found to be significantly (p>0.05) related to total sport lottery sales. The findings are discussed in the context of theories and practices in the marketing and administration of sport lottery sales in China.
Research limitations/implications
Similar studies are suggested to be conducted in provinces and regions beyond Guangdong Province.
Originality/value
This study combined socioeconomic characteristics of the population, lottery game characteristics and management factors for the first time.
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Kristina Sesar, Arta Dodaj and Nataša Šimić
Intimate partner violence (IPV) represents a widespread social and public health problem. Researchers have been shown association between IPV and mental health problems. The…
Abstract
Purpose
Intimate partner violence (IPV) represents a widespread social and public health problem. Researchers have been shown association between IPV and mental health problems. The purpose of this paper is to present a review of the literature on relationship between wide ranges of mental health problems.
Design/methodology/approach
Research papers related to mental health problems among IPV perpetrators and published in leading academic journals in UK and abroad from 1987 to 2017 were identified and reviewed.
Findings
Although there were some equivocal findings, the authors found that most of the available research suggests that there is a variety of psychological health problems among IPV perpetrators. Specifically, there was evidence of a significant relationship between anger problems, anxiety, depression, suicidal behaviour, personality disorders, alcoholism or problem gambling and perpetration of IPV. Results from analysed studies identified high rates of co-morbid disorders in IPV perpetrators.
Practical implications
The findings highlight the need for treatment services to undertake screening and assessment of wide range of psychological difficulties to be able to provide best treatment approaches.
Originality/value
To the best of our knowledge, this is the first systematic review that has included studies evaluating various psychological health problems among perpetrators of IPV.
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This review aims to provide an overview of research from different academic disciplines to chart some of the key developments in retail cryptocurrency trading against the backdrop…
Abstract
Purpose
This review aims to provide an overview of research from different academic disciplines to chart some of the key developments in retail cryptocurrency trading against the backdrop of the wider trading landscape, and how it has evolved in recent years. The purpose of this review is to provide researchers with a broad perspective to highlight the complex range of factors that drive cryptocurrency trading among retail investors.
Design/methodology/approach
Peer-reviewed literature from the social sciences, economics, marketing and branding disciplines is synthesised to explicate influential factors among retail cryptocurrency investors.
Findings
Online retail trading communities can create narratives that ascribe value to cryptocurrencies leading to consumer herding behaviours. The principles that underpin emotional branding and Fear of Missing Out can promote trading behaviour driven by heuristic processing and cognitive biases. Concurrently, the tenets of controversial marketing and the anti-establishment nature of Bitcoin and other cryptocurrencies serve to bolster in-group out-group categorisations fostering continued investment and market volatility. Consequently, Bitcoin and cryptocurrency trading more broadly offer a powerful combination of excitement from risk-taking akin to gambling buffered by the sanctity of social inclusion.
Originality/value
A broader, unique perspective on retail cryptocurrency trading which assists in better understanding the complexities that underpin its appeal to retail investors.
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